In 1953, The Old Man and the Sea was awarded the Pulitzer Prize for Fiction, and it was cited by the Nobel Committee as contributing to their awarding of the Nobel Prize in Literature to Hemingway in 1954.
Written in 1951, and published in 1952 , The Old Man and the Sea is Hemingway's final full-length work published during his lifetime. The book, dedicated to "Charlie Scribner" and to Hemingway's literary editor "Max Perkins", was featured in Life magazine on September 1, 1952, and five million copies of the magazine were sold in two days.
The Old Man and the Sea became a Book of the Month Club selection, and made Hemingway a celebrity. Published in book form on September 1, 1952, the first edition print run was 50,000 copies. The illustrated edition featured black and white pictures by Charles Tunnicliffe and Raymond Sheppard.
In May 1953, the novel received the Pulitzer Prize and was specifically cited when in 1954 he was awarded the Nobel Prize in Literature which he dedicated to the Cuban people. The success of The Old Man and the Sea made Hemingway an international celebrity. The Old Man and the Sea is taught at schools around the world and continues to earn foreign royalties.
According to wikipedia